Market Outlook

See the latest Livestock, Dairy, and Poultry Outlook report.

Report Summary

Dairy: U.S. dairy milk production is expected to decline in 2024 due to lower yields from aging cows, adverse weather, and limited replacements. Imports are projected to increase, while exports will remain relatively stable. Price forecast changes for wholesale dairy products will vary, leading to lower prices for Class III and IV milk. The all-milk price for 2024 is forecast at $22.80 per cwt. In 2025, milk production is expected to rise modestly compared to the previous year's forecast, while domestic use is projected to expand due to both increased production and lower prices. Prices for dairy products will generally decline, with Class III and IV milk prices remaining lower than in 2024. The all-milk price for 2025 is forecast at $22.75 per cwt.

Livestock, Dairy, and Poultry Outlook: October 2024 Feed Outlook: October 2024 Livestock, Dairy, and Poultry Outlook: September 2024 Feed Outlook: September 2024 U.S. Certified Organic Dairy Production: Three Decades of Growth

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Organic Dairy and Beef Producers Face Limited Markets, Feed Grain Shortages U.S. Dairy Productivity Increased Faster in Large Farms and Across Southwestern States Farm Milk Components and Their Use Among Dairy Products Have Shifted Over Time Growth in U.S. Dairy Product Exports to Southeast Asia Depends on Competition With Other Major Dairy Exporters Plant-Based Products Replacing Cow’s Milk, But the Impact Is Small

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Dairy Data Milk Cost of Production Estimates Feed Grains Database Livestock and Meat Domestic Data Farm Income and Wealth Statistics

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Cattle & Beef Corn and Other Feed Grains Farm & Commodity Policy Agricultural Baseline Commodity Outlook